UDDI 3 Configuration crashes when clicking on the Web Application page

When setting up UDDI 3 on a BizTalk multiserver configuration, the configuration tool might crash when clicking on the Web Application page. The following message will be logged in the event log:

Event Type:    Error
Event Source:    BizTalk DW Reporting
Event Category:    None
Event ID:    1000
Date:        2010-02-06
Time:        23:17:15
User:        N/A
Computer:    CONTBTS2K9
Description:

Faulting application configuration.exe, version 3.8.368.0, stamp 49b1da6c, faulting module configframeworkhelper.dll, version 3.8.368.0, stamp 49b1da6b, debug? 0, fault address 0x000823ba.

The reason for this error is that the account used to run the configuration tool is not local administrator on the SQL Server used for UDDI 3.